MARKET ANALYSIS - Intraday Analysis GBP/USD Upwards scenario: - TopicsExpress

MARKET ANALYSIS - Intraday Analysis GBP/USD Upwards scenario: Neutral tone remains favored on the hourly chart frame, however possible extension above the resistive measure at 1.5582 (R1) would suggest next intraday targets at 1.5597 (R2) and 1.5611 (R3). Downwards scenario: An evidence of possible descending structure could be provided if the pair manages to surpass key support level at 1.5543 (S1). In such case we would suggest next intraday targets at 1.5529 (S2) and 1.5514 (S3). Resistance Levels: 1.5582, 1.5597, 1.5611 Support Levels: 1.5543, 1.5529, 1.5514

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